Signpost: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Signpost
NACE 46.500, Wholesale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€228,580
2024 · €5.7m-€5.4m
Equity
€5.1m
2024 · €4.8m+€228,580
Cash
€13,972
2024 · €46,897-€32,925
Balance sheet total
€18.0m
2024 · €21.4m-€3.4m
Largest movements
Assets
- Receivables within one year -€3.1m
down €3.1m (-22.1%), from €14.2m to €11.1m
of which Other amounts receivable: -€3.2m
Equity and liabilities
- Other debts -€4.8m
down €4.8m (-31.7%), from €15.2m to €10.4m
- Trade debts +€1.2m
up €1.2m (+106.2%), from €1.1m to €2.3m
- Profit (loss) carried forward +€228,580
up €228,580 (+57.7%), from €396,225 to €624,805
Income statement
- Financial income -€6.0m
down €6.0m (-95.9%), from €6.3m to €260,407
- Other operating income +€1.6m
up €1.6m (+37.7%), from €4.3m to €5.9m
- Services and other goods +€699,901
up €699,901 (+21.4%), from €3.3m to €4.0m
- Staff costs +€297,219
up €297,219 (+27.6%), from €1.1m to €1.4m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€5.7m
Staff costs
-€297,219
Depreciation
-€184,336
Other operating charges
-€18,292
Other operating items
+€902,404
Financial income
-€6.0m
Financial charges
+€203,419
Result 2025
€228,580
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€18,407
Investment
-€51,332
Financing
€0
Cash 2024
€46,897
From operations (derived)
+€18,407
Net result for the year
+€228,580
Depreciation
+€237,143
Receivables after one year
+€64,888
Receivables within one year
+€3.1m
Deferred charges and accrued income
-€42,257
Trade debts
+€1.2m
Tax, wage and social debts
+€40,779
Other debts
-€4.8m
Investment (derived)
-€51,332
Investment in fixed assets (net)
-€51,332
Cash 2025
€13,972
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,351,936 | €17,966,165 | -€3.4m | -15.9% |
| Formation expenses | 20 | €4,395 | - | -€4,395 | |
| Fixed assets | 21/28 | €6,697,235 | €6,515,819 | -€181,416 | -2.7% |
| Intangible fixed assets | 21 | €180,867 | €148,647 | -€32,220 | -17.8% |
| Tangible fixed assets | 22/27 | €1,047,103 | €897,905 | -€149,198 | -14.2% |
| Plant, machinery and equipment | 23 | €5,044 | €2,711 | -€2,333 | -46.3% |
| Furniture and vehicles | 24 | €16,960 | €172,743 | +€155,783 | +918.5% |
| Other tangible fixed assets | 26 | €46,460 | €722,451 | +€675,991 | +1455.0% |
| Assets under construction and advance payments | 27 | €978,639 | - | -€978,639 | |
| Financial fixed assets | 28 | €5,469,265 | €5,469,267 | +€2 | 0.0% |
| Affiliated companies | 280/1 | €5,469,040 | €5,469,040 | = | 0.0% |
| Participating interests | 280 | €5,469,040 | €5,469,040 | = | 0.0% |
| Other financial fixed assets | 284/8 | €225 | €227 | +€2 | +0.9% |
| Amounts receivable and cash guarantees | 285/8 | €225 | €227 | +€2 | +0.9% |
| Current assets | 29/58 | €14,650,306 | €11,450,346 | -€3.2m | -21.8% |
| Amounts receivable after more than one year | 29 | €297,388 | €232,500 | -€64,888 | -21.8% |
| Other amounts receivable | 291 | €297,388 | €232,500 | -€64,888 | -21.8% |
| Amounts receivable within one year | 40/41 | €14,205,552 | €11,061,148 | -€3.1m | -22.1% |
| Trade receivables | 40 | €2,583,676 | €2,680,509 | +€96,833 | +3.7% |
| Other amounts receivable | 41 | €11,621,876 | €8,380,639 | -€3.2m | -27.9% |
| Cash at bank and in hand | 54/58 | €46,897 | €13,972 | -€32,925 | -70.2% |
| Deferred charges and accrued income | 490/1 | €100,469 | €142,726 | +€42,257 | +42.1% |
| Total equity and liabilities | 10/49 | €21,351,936 | €17,966,165 | -€3.4m | -15.9% |
| Equity | 10/15 | €4,824,364 | €5,052,944 | +€228,580 | +4.7% |
| Contributions | 10/11 | €4,196,759 | €4,196,759 | = | 0.0% |
| Capital | 10 | €4,196,759 | €4,196,759 | = | 0.0% |
| Issued capital | 100 | €4,196,759 | €4,196,759 | = | 0.0% |
| Reserves | 13 | €231,380 | €231,380 | = | 0.0% |
| Non-distributable reserves | 130/1 | €231,380 | - | -€231,380 | |
| Legal reserve | 130 | €231,380 | - | -€231,380 | |
| Distributable reserves | 133 | - | €231,380 | +€231,380 | |
| Profit (loss) carried forward | 14 | €396,225 | €624,805 | +€228,580 | +57.7% |
| Amounts payable | 17/49 | €16,527,572 | €12,913,221 | -€3.6m | -21.9% |
| Amounts payable within one year | 42/48 | €16,527,572 | €12,913,221 | -€3.6m | -21.9% |
| Trade debts | 44 | €1,109,262 | €2,286,779 | +€1.2m | +106.2% |
| Suppliers | 440/4 | €1,109,262 | €2,286,779 | +€1.2m | +106.2% |
| Taxes, remuneration and social security | 45 | €195,163 | €235,942 | +€40,779 | +20.9% |
| Remuneration and social security | 454/9 | €195,163 | €235,942 | +€40,779 | +20.9% |
| Other amounts payable | 47/48 | €15,223,147 | €10,390,500 | -€4.8m | -31.7% |
| Operating income | 70/76A | €4,286,503 | €5,888,808 | +€1.6m | +37.4% |
| Other operating income | 74 | €4,278,086 | €5,888,808 | +€1.6m | +37.7% |
| Non-recurring operating income | 76A | €8,417 | - | -€8,417 | |
| Operating charges | 60/66A | €4,409,095 | €5,608,843 | +€1.2m | +27.2% |
| Services and other goods | 61 | €3,271,471 | €3,971,372 | +€699,901 | +21.4% |
| Remuneration, social security and pensions | 62 | €1,078,248 | €1,375,467 | +€297,219 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,807 | €237,143 | +€184,336 | +349.1% |
| Other operating charges | 640/8 | €6,569 | €24,861 | +€18,292 | +278.5% |
| Operating profit (loss) | 9901 | -€122,592 | €279,965 | +€402,557 | |
| Financial income | 75/76B | €6,293,550 | €260,407 | -€6.0m | -95.9% |
| Recurring financial income | 75 | €6,293,550 | €260,407 | -€6.0m | -95.9% |
| Income from financial fixed assets | 750 | €6,000,000 | - | -€6.0m | |
| Income from current assets | 751 | €293,092 | €260,354 | -€32,738 | -11.2% |
| Other financial income | 752/9 | €458 | €53 | -€405 | -88.4% |
| Financial charges | 65/66B | €515,211 | €311,792 | -€203,419 | -39.5% |
| Recurring financial charges | 65 | €515,211 | €311,792 | -€203,419 | -39.5% |
| Debt charges | 650 | €509,768 | €306,593 | -€203,175 | -39.9% |
| Other financial charges | 652/9 | €5,443 | €5,199 | -€244 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €5,655,747 | €228,580 | -€5.4m | -96.0% |
| Profit (loss) for the period | 9904 | €5,655,747 | €228,580 | -€5.4m | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,655,747 | €228,580 | -€5.4m | -96.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.